Managing Nonprofit Cash Needs

Similar to annual budgeting, proactive cash management is extremely important for your nonprofit’s financial security. Cash management relies on forecasting to be effective. The Numbers 4 Nonprofits accountants work directly with our clients to ensure a thorough understanding of each organization’s forecasted cash needs.

Optimizing Cash Flow

Asking specific questions about an organization’s financial status is one way to develop a cash management plan:

What are your current sources of revenue and expense?

How would you like to enhance your cash flow?

What improvements must be made that would boost your potential for securing a bank loan, should one be necessary?

Financial health relies on optimized cash flow management and a well-planned approach that will see your organization through the good times and the bad. The staff at Numbers 4 Nonprofits helps our clients develop strategies for pursuing different revenue streams. The IRS lists these three sources as the main revenue generators for nonprofits across the country: grants (both public and private), contributions (both private and corporate), and program service fees.

“N4N has been an amazing asset to CTM. Professionalism and timeliness are at the forefront with how they handle our organization. Nonprofit art organizations are complex and N4N has gone above and beyond to ensure our success is manageable. The team at N4N provides knowledgeable and accurate information that allows me to manage effectively. I highly recommend Nick and his team.”

-- Allen Ebert, Executive Director, Children’s Theater of Madison

“We have been pleased to work with Nick Curran and the Numbers 4 Nonprofits team for the past three years. Their communication, customer service and attention to detail have been stellar, and we particularly value working with an accounting partner that really understands the unique needs of nonprofit organizations.”

-- Jen Uphoff Gray, Artistic Director of Forward Theater Company

“I am extremely impressed with N4N’s accessibility. Even though they are scheduled to be on-site at our office once a week, they are extremely responsive to emails and phone calls throughout the entire week. I never have to ask for monthly financials; they reliably appear in my inbox ahead of each month’s Finance Committee meeting. It’s great having N4N on our team – they provide more eyes and ears to ensure we’re being as financially efficient as possible while sticking to our mission of ending family homelessness in our community.”